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ATLKY Atlas Copco (PK)

18.212
0.402 (2.26%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Atlas Copco (PK) USOTC:ATLKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.402 2.26% 18.212 18.01 18.30 18.26 18.0309 18.104 80,964 21:18:14

Atlas Copco Buys Chinese Gas-Generation Equipment Maker

04/08/2022 10:02am

Dow Jones News


Atlas Copco (PK) (USOTC:ATLKY)
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From May 2022 to May 2024

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By Dominic Chopping

 

STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said Thursday it has agreed to buy the assets of Suzhou Since Gas System Co., Ltd., a China-based manufacturer of on-site gas-generation equipment.

Suzhou Since Gas System is a privately-owned company headquartered in Suzhou, Jiangsu province, with a presence throughout China.

In 2021, the company had revenue of around 70 million Chinese yuan ($10.4 million). The company has 80 employees.

The purchase price wasn't disclosed.

The deal is expected to close in the fourth quarter of the year.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

August 04, 2022 04:47 ET (08:47 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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